Mexico: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Mexico

In 2022, the Mexican non-electric industrial furnace market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Mexico

In value terms, non-electric industrial furnace production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 149% against the previous year. Non-electric industrial furnace production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Mexico

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens decreased by -71.7% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by 240%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace exports contracted markedly to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 207%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electric industrial furnace exports from Mexico, with a 93% share of total exports. Moreover, non-electric industrial furnace exports to the United States exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -4.6%.

In value terms, the United States ($X) remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Mexico, comprising 93% of total exports. The second position in the ranking was held by Guatemala ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -4.4%.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, dropping by -3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+0.1%).

Non-Electric Industrial Furnace Imports

Imports into Mexico

In 2022, after two years of decline, there was significant growth in overseas purchases of non-electric industrial or laboratory furnaces and ovens, when their volume increased by 97% to X units. In general, imports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2019 with an increase of 136% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. Over the period under review, imports recorded mild growth. The pace of growth appeared the most rapid in 2019 when imports increased by 141% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Spain (X units) were the main suppliers of non-electric industrial furnace imports to Mexico, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Spain ($X) were the largest non-electric industrial furnace suppliers to Mexico, with a combined 88% share of total imports.

China, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, with an increase of 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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